Adverum Biotechnologies Unveils New Developments in Gene Therapy

Adverum Biotechnologies Discusses Latest Clinical Developments

Adverum Biotechnologies, Inc. (NASDAQ: ADVM), a pioneering entity in gene therapy for ocular diseases, has recently announced an upcoming webcast to delve into important updates regarding its clinical trials. This webcast is set to reveal significant findings from the 52-week LUNA Phase 2 clinical data and the 4-year OPTIC clinical data, along with crucial elements of their pivotal program design.

Webcast Event and Access Information

The webcast will take place soon, providing investors and analysts a chance to engage with the company directly. Those who are interested can tune into the live session by navigating to the Events and Presentations section found on Adverum's official website. Attendees will also have the opportunity to listen to insights from key opinion leaders during the panel discussion.

Replay Availability

For those unable to join live, a replay of the webcast will be made available shortly after the session concludes, ensuring that interested parties will not miss out on vital information.

Understanding Wet Age-Related Macular Degeneration (AMD)

Wet Age-Related Macular Degeneration, often abbreviated as Wet AMD, is a severe form of AMD driven by Vascular Endothelial Growth Factor (VEGF). This condition affects about 10% of individuals with AMD and is characterized by fluid accumulation in the macula and retina, leading to significant vision loss. Wet AMD is particularly prevalent among individuals over the age of 65 and represents a leading cause of blindness among this age group. As the global population ages, new occurrences of Wet AMD are expected to rise sharply, with projections estimating that the condition could impact 288 million people worldwide by 2040.

Current Treatment Challenges

The standard treatment for individuals suffering from Wet AMD requires consistent and frequent anti-VEGF injections, which can be not only inconvenient but also burdensome for patients. Continued advancements in medical technology and therapies are essential to address these challenges and improve patient outcomes.

Adverum's Innovative Approach with Ixo-vec

At the forefront of this innovation is Adverum's candidate gene therapy product, ixoberogene soroparvovec, commonly referred to as Ixo-vec. This novel therapy aims to provide a transformative treatment option for patients suffering from Wet AMD. The administration of Ixo-vec differs from other ophthalmic therapies, as it is designed to be delivered as a single intravitreal (IVT) injection rather than requiring surgical intervention.

FDA and EMA Designations

The FDA has granted Fast Track designation for Ixo-vec therapy, which highlights the urgent need for new treatment methods in combating Wet AMD. Moreover, Ixo-vec has also been recognized with PRIME designation from European Medicines Agency (EMA) and the Innovation Passport from the UK's Medicines and Healthcare Products Regulatory Agency. These accolades underline Ixo-vec's potential as a groundbreaking treatment for Wet AMD.

The Vision of Adverum Biotechnologies

With a vision to establish gene therapy as a new standard of care for prevalent ocular conditions, Adverum Biotechnologies is dedicated to developing functional cures aimed at restoring vision and preventing blindness. The company's proprietary IVT platform allows for the creation of long-lasting therapies that can be administered conveniently in a physician's office, alleviating the hassle of regular injections.

Future Goals and Innovations

Adverum's commitment extends beyond treating existing conditions; the company seeks to innovate the management of ocular diseases, minimizing the need for frequent and invasive procedures for patients globally. This aspiration to enhance societal health makes Adverum a notable player in the realm of gene therapy.

Contact Information for Inquiries

For additional information, individuals can reach out to Adverum's investor relations. They are available via email for any queries related to their developments and corporate activities.

Frequently Asked Questions

What is the purpose of the upcoming webcast?

The webcast aims to report significant findings from clinical trials, particularly the 52-week LUNA Phase 2 data and 4-year OPTIC data.

How can interested individuals access the webcast?

The webcast can be accessed through the Events and Presentations section on Adverum’s official website.

What is Wet Age-Related Macular Degeneration?

Wet AMD is a severe eye condition characterized by fluid buildup in the retina, leading to vision loss, especially in older adults.

What is Ixo-vec, and how does it work?

Ixo-vec is a gene therapy designed for a one-time IVT injection to treat Wet AMD, providing a long-term solution without the need for frequent injections.

What designations has Ixo-vec received?

Ixo-vec has received FDA Fast Track designation, EMA PRIME designation, and the Innovation Passport from the UK’s regulatory agency, emphasizing its potential in treating Wet AMD.

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